Today, we are witnessing what happens when an adversary nation has a near monopoly position into essential raw materials.

China produces over 90% of the world’s rare earth magnets. It mines and refines about 70% of the world’s rare earth minerals. It is using its economic stranglehold over these essential inputs into America’s domestic production of defense systems, vehicles, and other industrial products to extract concessions from the United States in the ongoing trade war.

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